Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has completed geochemical sampling at the Silver Crown 6 property as well as the newly acquired Crest property. Due to the lack of snow at lower elevations in the Stewart area, the Company took the opportunity to carry out silt and soil sampling on the two properties.
Work on the Silver Crown 6 claim, part of the Red Cliff property (100% Decade) was carried out on the east side of the claim. Exploration work tested for extensions of mineralization consisting of northwest trending vuggy quartz-calcite veins and stockworks. The zones contain galena, sphalerite, chalcopyrite and pyrite which form massive to semi-massive lenses, pods and stringers. Veins and stockwork constitute 10 to 40 % of the mineralized zone and the sulphide content varies from 10 to 100% of the individual veins. Sampling tested for high grade silver, lead and zinc bearing zones.
The Company also explored for mineralization on the newly acquired claims over the historic Crest property that is described in Bulletin 807, Geology of Hyder and Southeastern Alaska by A. F. Buddington in 1929. According to Buddington, a NW trending quartz-sulphide vein is present on the property. He describes the vein as follows: “At one open cut, in the bed of a small gulch, the vein consists of a number of small quartz stringers, some of which carry free gold. Assays of the quartz have yielded as high as $105 in gold to the ton. At another open cut a moil sample of the country rock and quartz stringers, 2 feet in width averaged $4.50 in gold to the ton. The mineralized shoots run from $7 to $12 in gold to the ton.” These results are historic and have not been confirmed by Company sampling. Values of gold per ton above are calculated when the price of gold was $20/ton.
Work to date by the Company indicates that mineralization in the area is related to faults that can be traced for 1000’s of metres in the Texas Creek granodiorite.
Assessment reports have been filed on the Grassy, Premier East, Silver Crown 6, Treasure Mountain and the Dardenelle properties
The Company has also completed the geological modeling on the Red Cliff property. This work indicates that mineralization is open to depth and along strike. Trachyte/latite type intrusives occur within a north-south trending horizon 50 to 80 metres wide which has been traced for at least 2.0 km. They do not form a single, clearly defined intrusion but rather many smaller, discrete intrusions. Precious and base metals mineralization occurring on the Red Cliff property is spatially associated with these rocks.
The Company has also instructed the laboratory to complete the remaining core sample analysis from the 2018 drilling. Assaying was halted pending the Company raising funds for this work.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company.